Sequoia Holdings has introduced a blockchain-based software development platform designed to help application developers and government agencies build, test and deploy smart contract applications.
The software company said Wednesday the SEQNet blockchain-as-a-service platform will support the development of blockchain-based smart contracts, which work to log all agreements, processes, tasks and payments in a digital record that can be identified, confirmed, shared and stored.
Sequoia President and CEO T. Richard Stroupe said blockchain technology can automate contract-related transactions and streamline government agencies’ daily interactions with hundreds of suppliers, vendors and other partners.
SEQNet features the Combine cloud emulation service that gives customers the capacity to create, test and implement blockchain-based smart contract applications for unique government cloud platforms.
Sequoia partnered with venture capital firm Blu Venture Investors and nonprofit science and technology organization Noblis on blockchain research and development efforts to support the launch of SEQNet.
John Fant, Noblis director of special intelligence programs, said the team will also work to “advance the migration of technologies to cloud environments.”